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Indian 5% broken parboiled rice rose to USD 370-375 per tonne, the highest since September, on steady African demand and a firmer rupee. Vietnamese prices also edged up, while Thai parboiled prices fell after the baht weakened.
Traders expect export prices to ease as coronavirus disrupts tourism and deliveries to China.
Stronger African demand supports Asian export quotes, but expected virus-related weakness in China and Thailand could cap the rally. Feed buyers should expect firm but volatile rice pricing.
grainmart.inGurneel KaurFeb 17, 2020After 189 past bullish trade events, RICE moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
